On-Demand Distribution of Products to Provide Companies with Immediate Access and Help Customers Significantly Reduce Capital Expenditures
LAKE FOREST, Calif., Dec. 15, 2003 -- SimSci-Esscor, an operating unit of Invensys plc, today announced it plans to provide access to its Upstream Optimization Suite and its Process Engineering Suite (PES) solutions for petrochemical and energy companies via the Internet. On-demand distribution of the industrial software simulation and optimization products will be offered to current SimSci-Esscor customers on a monthly trial and subscription basis through PetrisWINDS NOW! (TM), an application services provider (ASP) to the oil, gas and energy industries. Customers can evaluate and benefit from the capabilities and value offered by PES and optimization suite products through Petris' Web-based environment.
"Aligning with an experienced service provider like Petris, SimSci-Esscor is able to reach a much broader market and demonstrate how its products can reduce the internal support requirements of our customers while extending the life of their existing hardware," said Marty Kurowski, SimSci-Esscor's vice president of marketing. "By simplifying the method of offering immediate access to our applications, we also enable our customers to reduce their capital expenditures while making these solutions an integral part of a more efficient operational process." Engineers, pipeline designers, production technologists and reservoir planning engineers can immediately access SimSci-Esscor's solutions through a single contract with Petris.
SimSci-Esscor products available through Petris include PRO/II, Datacon, Hextran, Visual Flow and Inplant. These Process Engineering Suite products improve engineering productivity and increase plant profitability through process engineering design and operational analysis. "This distribution option is an ideal solution for remote offices, independent contractors, consultants and engineering companies, as it lifts the restrictions of having to work in a specific location during normal office hours," Kurowski said. "Through secure online access, SimSci-Esscor customers can utilize our simulation and optimization solutions anytime, anyplace, and know that they always have the most upgraded, state-of-the-art tools at their disposal to complete their job."
SimSci-Esscor's Upstream Optimization Suite of products, used for integrated field-wide production analysis, combines the specific modeling needs of the upstream sector with the company's simulation and optimization expertise. Customers can access SimSci-Esscor's Pipephase, NETOP and Tacite solutions to solve their oil and gas asset management problems, significantly increases overall asset-wide production or improve their well designs and performance.About Petris Technology Petris Technology is a software and services company focused exclusively on assisting oil and gas and energy companies lower their costs by decreasing cycle time through better utilization of software and data.
Petris is an expert in Web-services architecture and has a one-of-a-kind vender neutral integration application. Taken together, Petris is at the brink of a new era in integration, data and application management.
For more information about Petris visit the company at www.petris.com .About SimSci-EsscorSimSci-Esscor, an operating unit of Invensys plc, is a leader in the development and deployment of industrial process simulation software and systems for a variety of industries, including oil and gas production, petroleum refining, petrochemical and chemical manufacturing, electrical power generation, mining, pulp and paper, and engineering and construction. SimSci-Esscor solutions enable clients to minimize capital requirements, optimize facility performance, and maximize returns on investments in producing assets.
SimSci-Esscor supports more than 750 client companies in more than 70 countries. For more information, visit the SimSci-Esscor Web site at www.simsciesscor.com .About InvensysInvensys is a global leader in production technology.
The group helps customers improve productivity, performance, and profitability using innovative services and technologies and a deep understanding of their industries and applications.Invensys Production Management works closely with customers to increase performance of production assets, maximize return on investment in production and data management technologies and remove cost and cash from the supply chain. The division includes APV, Avantis, Eurotherm, Foxboro, IMServ, SimSci-Esscor, Triconex, and Wonderware.
These businesses address process and batch industries -- including oil and gas, chemicals, power and utilities, food and beverage, and personal health care -- and the discrete and hybrid manufacturing sectors.Invensys Rail Systems is a global leader in the design, manufacture, supply, installation, commissioning and maintenance of safety related rail signaling and control systems as well as a complete range of rail signaling and communications products. The business includes Westinghouse Rail Systems Limited (WRSL), Dimetronic Signals, Safetran Systems, Burco Services, Westinghouse Signals Australia, and Foxboro Transportation.
WRSL was recently awarded two contracts valued at more than 850 million pounds (US$1.3 billion) for the renewal of signaling on the London Underground.Invensys also currently serves other market sectors through its Development Division. The businesses in this division are: Appliance Controls, APV Baker, Climate Controls, Hansen Transmissions, Lambda, Metering Systems, Powerware and Teccor.
Invensys is actively seeking to develop these businesses through equity partners or new owners.Invensys operates in more than 60 countries, with its headquarters in London. For more information, visit www.invensys.com .
